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the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watatching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. is infuruating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there is no agreement because they are losing federal dollars of the federal programs that are going away. we wi
the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watatching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of...
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Sep 30, 2012
09/12
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you know, the one tax that's got to come down next year is the uncertainty tax, the uncertainty about washington policy will be reduced over the next six months and be a positive for the u.s. economy. >> it's true, because companies have been in lockdown mode. they don't want to make decision with this uncertainty out there. >> it's so infuriating watching -- >> it is. >> -- washington not understand the incredible drag they put on the u.s. economy by simply not making a decision on these basic -- you know, american business is very good at making money if you tell them the rules of the game but it's like playing -- you're playing the first half of the game but don't know what the rules are going to be the second half. what does everybody do? wait and see. that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. govern
you know, the one tax that's got to come down next year is the uncertainty tax, the uncertainty about washington policy will be reduced over the next six months and be a positive for the u.s. economy. >> it's true, because companies have been in lockdown mode. they don't want to make decision with this uncertainty out there. >> it's so infuriating watching -- >> it is. >> -- washington not understand the incredible drag they put on the u.s. economy by simply not making a...
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Sep 30, 2012
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one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think there will be a little chicken game playing at the end of the year. what most people in washington likely think will happen is they'll negotiate some way to say here's a broad framework for what both sides want. let's work it out next year. >> sheila behr, i think americans are excited about the future. i'm glad people are feeling a little bit better about it, we all are. what has to happen so that a year if now we're not talking about the 9% versus the 1% and that there is some sense that banks are finally helping america move forward. >> it is your influence policies that jam the lens. the person they can get by lending into a still uncertain economy has. they can take
one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think there will be a little chicken game playing at the end of the year. what most people in washington...
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Sep 30, 2012
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that is why a high tax rate, for them, a tax on their high wealth, they don't want that. for them, a regulation that impedes their freedom of making business decisions, they don't want that either. so they go to work to get rid of impediments. that is their job. that is what they tried to learn to do. that is what they are taught in business school how to do. so why are we surprised that after world war ii, that they did that when they got rid of glass-steagall and they lowered that. they are the board of directors and into their hands, all of the profits. they have the money which to realize their work on politics. of course, to change the tax law and use the money to control the politics to undo the impediments , and here we are, back again. glass-steagall was repealed in 1999, eight years later, the banks took us into the suit. the first time, shame on us that we didn't understand that we shouldn't leave it this way. the second time -- excuse me from the first time, shame on them. the second time, shame on us. what do i mean? here's the hard part. it may upset some fol
that is why a high tax rate, for them, a tax on their high wealth, they don't want that. for them, a regulation that impedes their freedom of making business decisions, they don't want that either. so they go to work to get rid of impediments. that is their job. that is what they tried to learn to do. that is what they are taught in business school how to do. so why are we surprised that after world war ii, that they did that when they got rid of glass-steagall and they lowered that. they are...
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Sep 30, 2012
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bush talked about taxes. he didn't tell you he vetoed a middle class tax cut and vetoed an investment tafmg credit paid for by raising taxes on the wealthy. >> all right. we go to mr. perot for a two-minute question, and asked by john may can sheck. >> mr. perot, you asked about sharing the pain. as part of plan to reduce the federal deficit, you suggested we raise gasoline taxes 50 cents a gallon over the next five years. why punish the middle class to such a degree? >> it gets to 50 cents at the end of the fifth year. i think "punish" is the wrong word. again, i didn't create this problem. we a trying to solve it. if you study our international competitors, clengts up to $3.50 in taxes and use that mon to create jobs and build infrastructure. we collect 35 skhrentss and we don't have it to spend. i noi it's not popular, and i understand the nature of ur question, but the people who will be helped the most by it are the working people who will get the jobs created because of this why do we have to do it? kpw
bush talked about taxes. he didn't tell you he vetoed a middle class tax cut and vetoed an investment tafmg credit paid for by raising taxes on the wealthy. >> all right. we go to mr. perot for a two-minute question, and asked by john may can sheck. >> mr. perot, you asked about sharing the pain. as part of plan to reduce the federal deficit, you suggested we raise gasoline taxes 50 cents a gallon over the next five years. why punish the middle class to such a degree? >> it...
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Sep 30, 2012
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he wants to cut taxes, reduce regulations, and streamline government. and looking at places from switzerland to singapore to dubai, you can see that being friendly to businesses and to tourists can produce an economic bonanza. in some areas like infrastructure, most agree that the government must act and the need is urgent. if you defer maintenance on your house, the house deteriorates and eventually you actually have to pay more. that is what we are doing with our infrastructure. rather than fix it now when borrowing costs are at historic lows, we're passing a much bigger bill to our children. as i mentioned earlier, the world economic forum ranks us 25th in the world in infrastructure, down from 5th only a decade ago. education may be more complex. just spending money isn't the answer, but the problem is clear. in the 1970s america led the world in the number of college graduates. as of 2009, we're 14th among rich countries. and the jobs of the -- take federal funding for research and development, which is at half the share of gdp that it was in 1960
he wants to cut taxes, reduce regulations, and streamline government. and looking at places from switzerland to singapore to dubai, you can see that being friendly to businesses and to tourists can produce an economic bonanza. in some areas like infrastructure, most agree that the government must act and the need is urgent. if you defer maintenance on your house, the house deteriorates and eventually you actually have to pay more. that is what we are doing with our infrastructure. rather than...
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Sep 30, 2012
09/12
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we get terrible marks on taxes and regulation. on the burden of government regulation the united states ranks 76th, with a score of 3.3 on a total scale of from zero to seven, on the extent and effect of taxation you can the united states ranks 69th out of 144 countries on total tax rate, percentage of profit, the united states came in 103rd out of 144. now the truth is that overall, the u.s. economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century
we get terrible marks on taxes and regulation. on the burden of government regulation the united states ranks 76th, with a score of 3.3 on a total scale of from zero to seven, on the extent and effect of taxation you can the united states ranks 69th out of 144 countries on total tax rate, percentage of profit, the united states came in 103rd out of 144. now the truth is that overall, the u.s. economy remains highly competitive the world economic forums report ranks the u.s. overall as the...
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everybody who pays taxes ought to get tax relief. after my plan is in place, the wealthiest americans will pay a higher percentage of taxes then they do today, the poorest of americans, six million families, won't pay any tax at all. it's a huge difference. a difference between big exploding federal government that wants to think on your behalf and a plan that meets priorities and liberates working people to be able to make decisions on your own. >> let me just say, jim, you haven't heard the governor deny these numbers. he's called them phony and fuzzy. the fact remains almost 30% of his proposed tax cut goes to -- only to americans that make more than $1 million per year. more money goes to the -- can i have a rebuttal here? >> i want to see if he buys that. >> let me tell you what the facts are. the facts are after my plan, the wealthiest of americans pay more taxes of the percentage of the whole than they do today. secondly, if you're a family of four making $50,000 in massachusetts, you get a 50% tax cut. let me give you one exa
everybody who pays taxes ought to get tax relief. after my plan is in place, the wealthiest americans will pay a higher percentage of taxes then they do today, the poorest of americans, six million families, won't pay any tax at all. it's a huge difference. a difference between big exploding federal government that wants to think on your behalf and a plan that meets priorities and liberates working people to be able to make decisions on your own. >> let me just say, jim, you haven't heard...
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Sep 30, 2012
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you think it is unconstitutional tax do you take a baby step in that area? do you say that section 5 is unconstitutional across the board? de you car back on the number of jurisdictions that are subject to the pre-clearance regime. you will find an incredibly important role. the fourth amendment case can cover the docket of all the cases coming up. be attentive to the new grant on when it is the police can take blood when you're driving under the influence. there is an important thing about that. there were shut down on the ground the police that you have a warrant. i would be surprised if the state lost that. the atoll in the blood dissipates. i believe there is a right to take it. none of these are very interesting. there are to follow uncases to a very significant decision from two terms ago, the walmart case, hundreds of thousands of women said you cannot put everybody into the case together. the justices also signaled concern about class action procedures. cases can be so big that they can be extorted. they're cutting back on class action. it is too exp
you think it is unconstitutional tax do you take a baby step in that area? do you say that section 5 is unconstitutional across the board? de you car back on the number of jurisdictions that are subject to the pre-clearance regime. you will find an incredibly important role. the fourth amendment case can cover the docket of all the cases coming up. be attentive to the new grant on when it is the police can take blood when you're driving under the influence. there is an important thing about...
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bush talked about taxes. he didn't tell you that he vetoed a middle class tax cut because it would be paid for by raising taxes on the wealthy and vetoed an investment tax credit paid for by raising taxes on the wealthy. >> all right. we go now to mr. perot for a two-minute question, and it will be asked by john mashek. >> mr perot, you talked about fairness just a minute ago and sharing the pain. as part of your plan to reduce the ballooning federal deficit, you've suggested that we raise gasoline taxes 50 cents a gallon over five years. why punish the middle class consumer to such a degree? >> it's 10 cents a year cumulative. it finally gets to 50 cents at the end of the 5th year. i think "punish" is the wrong word. again, see, i didn't create this problem. we're trying to solve it. now, if you study our international competitors, some of our international competitors collect up to $3.50 a gallon in taxes, and they use that money to build infrastructure and to create jobs. we collect 35 cents, and we don't
bush talked about taxes. he didn't tell you that he vetoed a middle class tax cut because it would be paid for by raising taxes on the wealthy and vetoed an investment tax credit paid for by raising taxes on the wealthy. >> all right. we go now to mr. perot for a two-minute question, and it will be asked by john mashek. >> mr perot, you talked about fairness just a minute ago and sharing the pain. as part of your plan to reduce the ballooning federal deficit, you've suggested that...
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Sep 30, 2012
09/12
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an a tax on tax and a tax on preeting-- once you get that point it's like crack and these guys, this is what they're hoping for to get a sliver going and roll and roll and roll with people and what you have, you have inefficient money going into the government. excuse me, efficient money going into the government. to quote gary b smith and it's a disaster. >> i don't think there's a lot of reason to speculate about the tax, it's not going to happen. this is a bunch of egg heads at the bowels of u.n., to propose that country voluntarily create a tax on themselves. and surprised to take toby, a very smart guy, no chance of it. we've heard threats of these kinds of taxes before. nothing ever comes in mind. this is just more-- >> i will give you that, it's definitely from the bowels. >> brenda: okay. well, gary b, you know, the union has been around for decades wasting or spending billions of dollars. this is not totally out of context. this could happen, couldn't it? >> absolutely, brenda. in fact, i'd say for the last 20 years, to paraphrase ronald reagan, the nine more terrifying word
an a tax on tax and a tax on preeting-- once you get that point it's like crack and these guys, this is what they're hoping for to get a sliver going and roll and roll and roll with people and what you have, you have inefficient money going into the government. excuse me, efficient money going into the government. to quote gary b smith and it's a disaster. >> i don't think there's a lot of reason to speculate about the tax, it's not going to happen. this is a bunch of egg heads at the...
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it's a direct tax on the american dream and i'm for abolishing the death tax. [applause] time. e very short on a question to you -- what would you do? >> one of the most important things we need to do before the end of the year is to make sure we raise the deduction on the estate tax so that we can save up family farms. at the end of this year, we are at risk of that deduction going down to $1 million. it should be at least $5 million. because of the price of the land here where we have the richest 5 -- the richest farmland in the world, we need to raise that little bit. let's talk about congressman king's fair tax which is only fair if you make over to him thousand dollars a year. he suggests we do it the federal -- do away with the federal income tax and substitute a tax that would make your fresh rebel, what add 23% of everything you buy at the grocery store, all your prescription drugs, the new car you want to buy or the car seat you want to bring your baby home hospital in. there's nothing about this that's fair for the middle- class. we need to make sure we don't have the
it's a direct tax on the american dream and i'm for abolishing the death tax. [applause] time. e very short on a question to you -- what would you do? >> one of the most important things we need to do before the end of the year is to make sure we raise the deduction on the estate tax so that we can save up family farms. at the end of this year, we are at risk of that deduction going down to $1 million. it should be at least $5 million. because of the price of the land here where we have...
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culture is that so much of the gemini there is a huge percentage share apparently finance tax code to france and the arab spring to the arab winter where does this great liberation project stand in the arab middle east and where is it going are the forces of reaction. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations around the day. my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg and my fingers and my big toe on my right foot i use my hands a lot in my artwork i find myself drawing my hands quite a bit to me for my hands you know just as anyone would but they do tell a story they tell us story of. the oxen.
culture is that so much of the gemini there is a huge percentage share apparently finance tax code to france and the arab spring to the arab winter where does this great liberation project stand in the arab middle east and where is it going are the forces of reaction. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations around the day. my parents really truly honestly believe that what had happened was as a...
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when we tax our job creators at much higher tax rates than foreign competitors, we lose and they win. we do not want to tax the small businesses. our jobs come from these successful small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confident to take the risk to hire people, give the raises and job security, if they see the government borrowing and spending like it is. we cannot keep borrowing 36 cents of every dollar the government spends. we cannot keep the federal reserve doing what it is doing. we cannot keep looking our children in the eye knowing we're going to give them a diminished future because we are spending their money today. it is a simple idea. mitt romney and i are going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get the balanced budget. we must get the debt under control. [applause] this not only hurts our economy with the threat of higher interest rates and much higher tax rates. ournow we're giving children and grandchildren a lower sta
when we tax our job creators at much higher tax rates than foreign competitors, we lose and they win. we do not want to tax the small businesses. our jobs come from these successful small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confident to take the risk to hire people, give the raises and job security, if they see the government borrowing and spending like it is. we cannot keep borrowing 36 cents of every dollar the...
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their tax cut. now romney is preparing for the debates in boston, massachusetts with senator rob portman standing in as president obama. he is working on sharpening his message. meanwhile obama campaign says that obama is working on shorter, crisper answers. before he gets started, he will speak at this campaign event right here in las vegas. >> kristen welker tonight. >>> we're joined by nbc's chief white house correspondent chuck todd, lay it out for us. how important are the debates in this particular election? >> at this point in time in the campaign, the stakes are enormous for mitt romney. he is behind, you can argue by how much he's behind, is it as bad as it looks in some polls in places like ohio or florida, but the bottom line is he's behind. he needs to come out basically not just even in the presidential, but it needs to serve as a way to fire up his republican troops, it's going to keep republican candidates from fleeing him, it's going to keep big money people from fleeing him. a decis
their tax cut. now romney is preparing for the debates in boston, massachusetts with senator rob portman standing in as president obama. he is working on sharpening his message. meanwhile obama campaign says that obama is working on shorter, crisper answers. before he gets started, he will speak at this campaign event right here in las vegas. >> kristen welker tonight. >>> we're joined by nbc's chief white house correspondent chuck todd, lay it out for us. how important are the...
SFGTV: San Francisco Government Television
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talk a little bit about the history of this agency, and the role of tax increment financing, which is what we're really talking about. in 1989 the old imperial redevelopment agency was done in by this board of supervisors when it allowed the use of tax increment financing subject to fundamental and basic changes in the structure of the redevelopment agency. and it has been that agency from 1990 on that we're dealing in terms of this successor agency. it is important to understand that the board of supervisors insisted that for the use of tax increment financing, understanding during the battle days of urban renewal no tax increment financing was allowed. the point is that the board of supervisors insisted on its direct control, including land use controls that i believe exist in this ordinance and in the amendments proposed by the council of community housing organizations. i would be happy to answer any questions, if there are any. seeing none, i will go. [ laughter ] >> we may have them later for you. thank you. next speaker. >> thank you. thank you, mr. president. members, my name
talk a little bit about the history of this agency, and the role of tax increment financing, which is what we're really talking about. in 1989 the old imperial redevelopment agency was done in by this board of supervisors when it allowed the use of tax increment financing subject to fundamental and basic changes in the structure of the redevelopment agency. and it has been that agency from 1990 on that we're dealing in terms of this successor agency. it is important to understand that the board...
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lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have thir foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere el
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
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reduce taxes on the e rich. romney has protested that that true, that he wants to the rich buttes on theitted to reform that share paid in taxes by the rich not change. he says that in intnterviews but never spell that out in way that would d get attention. meme is that t he wants to cut taxes on the rich, but the not, andthahat he would never stood up and w way that would have to command respononse and attention. >> there actually is a way, and not too late, because it is a simple message. true tax reform has the effec rates forg tax everybody, but all these special willest groups, everybody precious special loopholes, deductions. side, against the groups in wawashington. if h he proposes that, that is a .rue thing and that could work i don't thk he is going to do it. >> not to rob the obama people of credit for their advertising campaign. but the ones have been self- inflicted. get $10,000, r rick perry?" ann drives if you cadillalac's." "i like to fire people." these were all voluntarily romney.by mitt >> and
reduce taxes on the e rich. romney has protested that that true, that he wants to the rich buttes on theitted to reform that share paid in taxes by the rich not change. he says that in intnterviews but never spell that out in way that would d get attention. meme is that t he wants to cut taxes on the rich, but the not, andthahat he would never stood up and w way that would have to command respononse and attention. >> there actually is a way, and not too late, because it is a simple...
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true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple of cadillacs. we're building a car elevator in our home. i like to fire people these were all voluntarily offered by mitt romney. >> and he has taken responsibility for that. >> the reason he does not lay out what you say is, among other things, there are studies that disputed, and people will say, you are going to take away mortgage tax deductions? suddenly everybody is up in arms. >> not necessarily true. you can say th anybody over a certain amount can only deduct up to 2% of income -- >> now you are into the weeds. >> it is not the week, it is the facts. >> that's get into the weeds. >> are you makin
true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple...
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i don't have a plan to tax -- or increase taxes. i'm not going to increase taxes. i can understand why you are, mr. mondale, because as a senator you voted 16 times to increase taxes. now, i believe that our problem has not been that anybody in our country is undertaxed, it's that government is overfed. and i think that most of our people -- this is why we had a 25-percent tax cut across the board which maintained the same progressivity of our tax structure in the brackets on up. and, as a matter of fact, it just so happens that in the quirks of administering these taxes, those above $50,000 actually did not get quite as big a tax cut%age-wise as did those from 50,000 down. from 50,000 down, those people paid two-thirds of the taxes, and those people got two-thirds of the tax cut. now, the social security tax of '77 -- this indeed was a tax that hit people in the lower brackets the hardest. it had two features. it had several tax increases phased in over a period of time -- there are two more yet to come between now and 1989. at the same time every year, it increas
i don't have a plan to tax -- or increase taxes. i'm not going to increase taxes. i can understand why you are, mr. mondale, because as a senator you voted 16 times to increase taxes. now, i believe that our problem has not been that anybody in our country is undertaxed, it's that government is overfed. and i think that most of our people -- this is why we had a 25-percent tax cut across the board which maintained the same progressivity of our tax structure in the brackets on up. and, as a...
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an income tax -- simple and fair with regard to the estate tax, if you did away with the estate tax right across the board, in a few years, because you would keep a capital gains tax, treasury would be bringing in more money. who would lose in that would be some charitable -- universities would probably get less money for -- from big endowments. you would have other charities getting less money. they'd probably keep it in the family. but a family business would survive. and then, now, most people think well, if i leave my business to the family, they'll keep it forever and ever. reality is they'll probably sell sometime, and then the treasury would get a capital gains tax which right now is 15 percent which would be less than the estate tax created and the estate lawyers and trust lawyers would decline significantly if you did away with the federal estate tax and in the long run the treasury would get more money. host: if you're listening on c-span radio, we are wsfn in our nation's capitol and this is carried coast to coast on channel 119. our guest is virgil goode, the constitutio
an income tax -- simple and fair with regard to the estate tax, if you did away with the estate tax right across the board, in a few years, because you would keep a capital gains tax, treasury would be bringing in more money. who would lose in that would be some charitable -- universities would probably get less money for -- from big endowments. you would have other charities getting less money. they'd probably keep it in the family. but a family business would survive. and then, now, most...
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because gasoline tax pays for the the roads. i believe that's probably the best principle overall to deal with the questions and post office. >> claire mccaskill if >> i'm going to try to quote todd akin exactly on this. he said, we can keep raising the prices, if they get too high, the private sector can take over. i disagree. it is in the constitution. we have had the finest and the most reliable and most comprehensive postal service in the world. they have cut billions in expenses over the last several years. they have shrunk their woforce. what they've been required to do is prefund their pensions and healthcare for 75 years. no one in the private sector is required to prefund their pensions and healthcare for 75 years. no one in the governmental sector except the post office is required to do that. it's got them into a cash flow problem. we have to uncuff them and allow them to be entrepreneurial when it comes to the growth area postal service. i will tell you, mr. miller, you know this and many in this audience know this,
because gasoline tax pays for the the roads. i believe that's probably the best principle overall to deal with the questions and post office. >> claire mccaskill if >> i'm going to try to quote todd akin exactly on this. he said, we can keep raising the prices, if they get too high, the private sector can take over. i disagree. it is in the constitution. we have had the finest and the most reliable and most comprehensive postal service in the world. they have cut billions in...
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to candidates' records -- that payroll taxes increased during barack obama's time in office -- decrease during barack obama's time in office. 25.4% know more jobs were created in the first term of barack obama then the last term of george bush. that is a claim you see back- and-forth in advertising about who lost jobs and gained jobs. public confusion is to be expected. 31% knew that when mitt romney was governor of massachusetts, job growth in massachusetts improved. a claim in which democrats are trying to muddy the waters. in a long way to go in terms of improving pu
to candidates' records -- that payroll taxes increased during barack obama's time in office -- decrease during barack obama's time in office. 25.4% know more jobs were created in the first term of barack obama then the last term of george bush. that is a claim you see back- and-forth in advertising about who lost jobs and gained jobs. public confusion is to be expected. 31% knew that when mitt romney was governor of massachusetts, job growth in massachusetts improved. a claim in which democrats...
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it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people who've come here today are protesting against and they're calling for the opposite they say the country's economy right now needs more spending and lawyer taxes there is another thing people say they're very anxious about french president francois hollande wanted to avoid referendum a national referendum on the treaty because it would most likely lose and the reason only poll mentioned votes should do for early october and people we have been able to speak to say they've been feeling offended by this move of the authorities they say they want to decide by themselves what to do in this country and what to change here they want to be active in konami kinds political life of the. country economic crisis is in golf in europe these days and austerity measures have led to mention wide protests in many countries and protesters have been clashing with police so dramat
it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people who've come here today are protesting against and they're calling for the opposite they say the country's economy right now needs more spending and lawyer taxes there is another thing people say they're very anxious about french president francois hollande wanted to...
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we're going to do it by giving tax breaks to companies that bring tax breaks back to america, not companies that take factories out of america. we are going to continue to knock down those barriers that exist around the world saying no american goods here. we are going to level the playing field. and guess what, folks, as i go around the world -- i have traveled over 600,000 miles since i have been vice president -- people are looking to buy the best products. and those products have "made in america" stamped on them. if we knock it down, they will buy it. [cheers and applause] we are going to cut our oil imports in half by 2020, produce more american-made energy from oil, natural gas, clean coal, biofuel. ladies and gentlemen, a lot of people do not understand this. i love to hear them talk about their energy policy -- which is drill, baby, drill. let me tell you something. you all realize there are more gas and oil rigs pumping today than all the rest of the rigs in the entire rest of the world. do you know that? that's a fact. that's why we are importing less than we have in decades. tha
we're going to do it by giving tax breaks to companies that bring tax breaks back to america, not companies that take factories out of america. we are going to continue to knock down those barriers that exist around the world saying no american goods here. we are going to level the playing field. and guess what, folks, as i go around the world -- i have traveled over 600,000 miles since i have been vice president -- people are looking to buy the best products. and those products have "made...
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we cut the property taxes, the inheritance taxes and gift taxes and created 742,000 jobs. that's what we did in wisconsin. what they did in washington, they've got 23 million people unemployed and underemployed. that's their accomplishment. complete difference of philosophy and direction between my opponent and myself. >> our next question is from lisa petro directed first to governor thompson. >> this might be something we all can agree on but the approval ratings for congress can't get much worse than it is right now, the lack of productivity probably is aside of most of us in our jobs and we believe something has to change about the way congress operates. so to that do you believe any changes to the structure, for example term limits or the operational procedures like the 60% filibuster rule in the senate, you think any of those changes should be made and if so, please name them pennsylvania. >> first off, you have to sit down and talk. when i was governor the democrats controlled the legislature in both houses for 12 1/2 out of my 14 years. we accomplished great things
we cut the property taxes, the inheritance taxes and gift taxes and created 742,000 jobs. that's what we did in wisconsin. what they did in washington, they've got 23 million people unemployed and underemployed. that's their accomplishment. complete difference of philosophy and direction between my opponent and myself. >> our next question is from lisa petro directed first to governor thompson. >> this might be something we all can agree on but the approval ratings for congress...
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we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income security and higher take home pay and you can do that through economic growth and that is what we are trying to provide and what we can get if we put the progrowth policies in place. >> chris: a number of top republicans say that when romney picked you as his running mate a little over a month ago that they thought that this indicated that you guys were going to run a bold reform agenda campaign and now expressing some frustration that instead of you changing romney you heard this that they feel that romney is changing you and you are running a much more
we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income...
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cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're defending look like they could go to republicans. what's wrong here at the state level because the republicans look like they're maintaining and could pick up some of the governorships currently held by democrats. what's going on? >> well, actually we're being greatly outspent in virtually every state, and we are defending 11 states. some of them not in the friendliest of terrains for president obama, but as we saw last year in kentucky, a state that where the president did not prevail, our candidate was all about jobs, all about bringing people together t
cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're...
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. >> chris: bush tax cuts -- >> tax breaks. he passed the obamacare taxes and a dozen hit middle income taxpayers breaking the promise and he proposes a maxive tax increase on job creators in january and to go to your question, we don't think the idea or solution is to impose new taxes on low income people, we want people out of poverty and back to the middle class, why our economic policies are designed to create jobs, and opportunities so people can get higher take-home pay and the key is this: get people from not paying income taxes because they've had incomes to the middle class so they have jobs that have higher take-home pay and they pay taxes, we want to create more taxpayers and don't wan to tax more people with bad tax policy, we want to create taxpayers by growing the middle class and getting people back to work with higher take-home pay and the secret is economic growth, chris. look, the premise of the conversations, the premise of tax -- your tax reform point is, as if the economic pie is fixed and it is the governo
. >> chris: bush tax cuts -- >> tax breaks. he passed the obamacare taxes and a dozen hit middle income taxpayers breaking the promise and he proposes a maxive tax increase on job creators in january and to go to your question, we don't think the idea or solution is to impose new taxes on low income people, we want people out of poverty and back to the middle class, why our economic policies are designed to create jobs, and opportunities so people can get higher take-home pay and...
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pointing reporters to this 1993 vote that biden, then senator biden, made which basically increased the taxes on the benefits of social security for seniors. so that's a huge issue because obviously a lot of this plays to seniors in florida, florida, florida, florida, a battleground state there, which is why you hear the romney campaign pushing back against it so hard. deb? >> so much at stake. shannon travis for us there. boy, you know, the countdown, it's going to be very interesting day come election day. thanks so much, shannon. >>> president obama and mitt romney face to face as american voters weigh their choice. the first of three presidential debates will be on wednesday night. we will be here for you. watch it live. 7:00 p.m. eastern on cnn and on cnn.com. >>> well, extremists use violence to keep girls from getting an education, but at least one woman is braving the risks as she makes sure young girls in that country get into school. how can you get back pain relief that lasts up to 16 hours? with thermacare heatwraps. thermacare works differently. it's the only wrap with patented h
pointing reporters to this 1993 vote that biden, then senator biden, made which basically increased the taxes on the benefits of social security for seniors. so that's a huge issue because obviously a lot of this plays to seniors in florida, florida, florida, florida, a battleground state there, which is why you hear the romney campaign pushing back against it so hard. deb? >> so much at stake. shannon travis for us there. boy, you know, the countdown, it's going to be very interesting...
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it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as ordinary income? as interest rule. >> it came about always sweat equity. if a restaurant your said i want to open a restaurant. want you to invest $50,000. you take 80% of the profits and i'm take 20%. that's what carried interest is. it's what the venture capital firms do and that's how people are compensated. do. it gets people to look at it, the tax code should be looked at from farm subsidies to carried interest and corporate loopholes because we need to raise more revenue. >> what do you think of this man as a leader? he hired you, i assume. >> he gave me my first job back at bain and company before bain capital was started. he's an incredible family man. he's got a good sense of humor. it sometimes gets him in trouble but he's got a great sense of humor, and he has a great sense of humor. i'm heartened by the fact that we have two fantastic c
it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as ordinary income? as interest rule. >> it came about always sweat equity. if a restaurant your said i want to open a restaurant. want you to invest $50,000. you take 80% of the profits and i'm take 20%. that's what carried interest is. it's what the venture capital firms do and that's how people are compensated. do. it gets...
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under his tax plan. >> but their tax rates will come down. >> george, you chakd the rates. if the same amount of money coming out of your pocket and my pocket, you don't care what the rate is. i think what we're trying to do is where america is more competitive on its race with the rest of the world. we're competing in a global economy, and so, that's what governor romney is laying out a very clear vision on that. guess what he's going do, he's going negotiate with congress about those loopholes. that's what he's going to do. he's not going to lock himself into something now. >> don't voters have the right to know what those are? >> the voters have the right to know what direction he's going to take the country in. he's going to reduce so nobody is paying less in the wealthy class than before. here's what he's learned that the president has never learned, 85% of his legislation was democratic when he was governor in massachusetts. you can lay out aspirational goals and visions, you have to get down to negotiating to get things done. in washington, the president draws hard l
under his tax plan. >> but their tax rates will come down. >> george, you chakd the rates. if the same amount of money coming out of your pocket and my pocket, you don't care what the rate is. i think what we're trying to do is where america is more competitive on its race with the rest of the world. we're competing in a global economy, and so, that's what governor romney is laying out a very clear vision on that. guess what he's going do, he's going negotiate with congress about...
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bloomberg government's "capitol gains," it is the national security fight america may be losing, cyber tax poses a clear and present danger, but congress cannot agree on how to bolster the digital defenses. we'll talk about the implications for business. former cia director. michael hays. it was hailed as the biggest overhaul of wall street rules begins the great depression. more than two years later, dangers remain. we'll have an exclusive bloomberg government analysis where the law really stands. >>> and meet the woman leading the defense industry's battle to block sweeping automatic budget cuts. you need to know marianne blake. >> peter: i'm peter cook. welcome to capitol gains, stay with us for the next half hour. bloomberg government focused on the government impact of businesses and the economy. its exclusive research and analysis you cannot find anywhere else. this week, the debate over what needs to be done to bolster the country's defenses against cyber attack. this week, wells fargo found their banks under attack. the suspect iran. they deny it. but republicans and democrats left
bloomberg government's "capitol gains," it is the national security fight america may be losing, cyber tax poses a clear and present danger, but congress cannot agree on how to bolster the digital defenses. we'll talk about the implications for business. former cia director. michael hays. it was hailed as the biggest overhaul of wall street rules begins the great depression. more than two years later, dangers remain. we'll have an exclusive bloomberg government analysis where the law...
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. >> the tax rates will come down. the same amount of money coming out of your pocket and my pocket, you're no particular time not worried. we're competing in a global economy, and so, that's what governor romney is laying out a very clear visio he's going negotiate with congress about those loopholes. that's what he's going to do. he's not going to lock himself into something now. the voters have the right to know what direction he's going to take the country in. he's going to reduce so nobody is payingless in the wealthy class than before. the president has never learned, 85 prkt of his legislation was democratic when he was governor in massachusetts. you can lay out aspirational goals and visions, you have to get down to negotiating to get things done. the president doesn't know how to negotiate and compromise. >> governor romney has been getting a lot of advice from some pretty anxious conservatives. one wants a bigger, bolder campaign. he said, go large mitt. for six months, he's been matching obama small for smal
. >> the tax rates will come down. the same amount of money coming out of your pocket and my pocket, you're no particular time not worried. we're competing in a global economy, and so, that's what governor romney is laying out a very clear visio he's going negotiate with congress about those loopholes. that's what he's going to do. he's not going to lock himself into something now. the voters have the right to know what direction he's going to take the country in. he's going to reduce so...
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>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and if not, why not? when you're putting really valued things on the table. and simply saying that the wealthy are going to pay more doesn't solve the problem. the wealthy are going to need to pay more, but so is what most people define as the middle class, and there are going to be cuts across the board, including the military,
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if...
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it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as interest rule. >> it came about always sweat equity. if someone came to you and said i want to open a restaurant. you take 80% of the profits and i'm take 20%. that's what care rid interest is. it's what the venture capital firms do and that's how people do. it incents people to look at it. all the way to farm countries to carried interest because we need to raise more revenue. >> what do you think of this man as a leader? he hired you, i assume. >> he gave me my first job back at bane company. he's an incredible family man. he's got a good sense of humor. it sometimes gets him in trouble but he geeset great sense of humor, and he's have very good sense of humor. i'm heartened by the fact that we have two fantastic candidates. i worked with president obama as well. they boenlt have a high degree of education and both knowledgebling. i think we're l
it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as interest rule. >> it came about always sweat equity. if someone came to you and said i want to open a restaurant. you take 80% of the profits and i'm take 20%. that's what care rid interest is. it's what the venture capital firms do and that's how people do. it incents people to look at it. all the way to farm countries to...